Columbia Sportswear Company Annual report pursuant to Section 13 and 15(d)

Fair Value Measures (Tables)

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	282,860	$	—	$	—	$	282,860
Time deposits	52,808		—		—		52,808
U.S. Government treasury bills	—		4,995		—		4,995
U.S. Government-backed municipal bonds	—		25,338		—		25,338
Available-for-sale short-term investments
U.S. Government treasury bills	—		19,963		—		19,963
U.S. Government-backed municipal bonds	—		73,582		—		73,582
Other short-term investments:
Mutual fund shares	1,438		—		—		1,438
Other current assets:
Derivative financial instruments (Note 19)	—		2,331		—		2,331
Non-current assets:
Derivative financial instruments (Note 19)	—		335		—		335
Mutual fund shares	9,319		—		—		9,319
Total assets measured at fair value	$	346,425	$	126,544	$	—	$	472,969
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 19)	$	—	$	10,565	$	—	$	10,565
Other long-term liabilities
Derivative financial instruments (Note 19)	—		3,820		—		3,820
Total liabilities measured at fair value	$	—	$	14,385	$	—	$	14,385

Assets and liabilities measured at fair value on a recurring basis at December 31, 2016 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	299,769	$	—	$	—	$	299,769
Time deposits	73,127		—		—		73,127
Other short-term investments:
Mutual fund shares	472		—		—		472
Other current assets:
Derivative financial instruments (Note 19)	—		11,166		—		11,166
Non-current assets:
Derivative financial instruments (Note 19)	—		1,969		—		1,969
Mutual fund shares	8,411		—		—		8,411
Total assets measured at fair value	$	381,779	$	13,135	$	—	$	394,914
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 19)	$	—	$	286	$	—	$	286
Total liabilities measured at fair value	$	—	$	286	$	—	$	286